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Jan 31, 2013
01/13
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let's look at shares of boeing, peter. the stock price obviously seeing a lot of vulnerability, as well a volatility since announcing the problem with the lithium batteries. 74 and change, what do you expect that to be at? >> it has felt a little snake-bitten with the volatility, and it has underperformed the broader market, but we think there is a significant upside as they start to deploy a lot of that cash for stock buybacks. we have an $87 price target, and there could be an up side if they get aggressive with buying back more shares. >> tom: and it has a lot of free cash flow at its access. do you own any shares of boeing yourself, peter? >> no. we're prohibited from doing that. >> tom: peter arment, analyst at sterne agee tonight. alcoholic >> susie: it was all about blackberry today in the technology world. rim unveiled its long-awaited new operating system, known as blackberry 10. the platform will run two new phones: the z10 and q10. but, there will be some delay before american users can get their hands on either
let's look at shares of boeing, peter. the stock price obviously seeing a lot of vulnerability, as well a volatility since announcing the problem with the lithium batteries. 74 and change, what do you expect that to be at? >> it has felt a little snake-bitten with the volatility, and it has underperformed the broader market, but we think there is a significant upside as they start to deploy a lot of that cash for stock buybacks. we have an $87 price target, and there could be an up side...
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Jan 24, 2013
01/13
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FBC
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gerri: here are the claims from boeing. unmatched fuel efficiency resulting in exceptional environmental performance. using 20% less fuel. the and everybody else in my group, we all had problems with lithium -- i am the theme batteries. it's a surprise. you pick up your laptop. it's burning hot and it's because the batteries are overheating. >> i told somebody on the radio today, have a laptop that ran really hot. it was a mac book. i replaced it this year and it runs cooler. they can improve the technology, but now they're putting them in cars, airplanes, and these are enormous batteries. they are just not -- they have not been tested adequately at. you know, the faa did a lot of testing and spend a lot of time on this, but they have been in design and development for about two years now. still have worked all the bugs. gerri: reassuring. >> deasy -- de incentivizes it. does not mean it's going to happen. gerri: before you go, how are taxpayers on the hook for this? >> well, the state of washington offered billions of doll
gerri: here are the claims from boeing. unmatched fuel efficiency resulting in exceptional environmental performance. using 20% less fuel. the and everybody else in my group, we all had problems with lithium -- i am the theme batteries. it's a surprise. you pick up your laptop. it's burning hot and it's because the batteries are overheating. >> i told somebody on the radio today, have a laptop that ran really hot. it was a mac book. i replaced it this year and it runs cooler. they can...
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it's not terminal to boeing, but it's a problem. melissa: if the airlines sue boeing because they have to cancel flights, change equipment, or have problems, if it turns out it's the fault of a supplier like the battery maker, can boeing then go back and sue that supplier for the money? >> i don't think they even need to call a lawyer, just go to the supplier and start writing checks or you'll never work in this town again. melissa: great points. are they close to a solution? the earnings call for beau, the ceo says we are getting closer, but the ntsb says they have no idea, we're not closer. what do you think? >> well, this is unique. we had airliners introduced over the last 70 years, some blow up in the sky when they are new, others have wings fall off. this is an airplane with no structural problems. it's a battery issue. met all the performance requirements and expectations. we've never had a situation where we have something as small as a battery. we don't know what's causing the problem. we don't have a fix for it. i don't kn
it's not terminal to boeing, but it's a problem. melissa: if the airlines sue boeing because they have to cancel flights, change equipment, or have problems, if it turns out it's the fault of a supplier like the battery maker, can boeing then go back and sue that supplier for the money? >> i don't think they even need to call a lawyer, just go to the supplier and start writing checks or you'll never work in this town again. melissa: great points. are they close to a solution? the earnings...
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Jan 28, 2013
01/13
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CNBC
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boeing and caterpillar, but i didn't. i think jpmorgan, chevron, and disney are my picks in the dow. >> i want to get back to why you didn't chose those in a second. but peter, let's talk about your picks and where the stocks will be in terms of riding this market in the next five to six years. how do you see the broad landscape of the markets and the sectors? >> you know, broad landscape, i think appreciation of 5% to 7% per year plus a 2% yield over the period of time would be very acceptable to me. obviously it's not going to be a straight line. three picks, i would go with companies like proctor and gamble, johnson & johnson and chevron as well. counting on a growing emerging middle class worldwide. personal care products. people are going to be brushing their teeth. they're going to be taking their medicines and more of them will be driving cars over the next six years. i would shy away from the banks. jpmorgan and bank of america. unlike the previous speaker because i think the regular story environment for banks is
boeing and caterpillar, but i didn't. i think jpmorgan, chevron, and disney are my picks in the dow. >> i want to get back to why you didn't chose those in a second. but peter, let's talk about your picks and where the stocks will be in terms of riding this market in the next five to six years. how do you see the broad landscape of the markets and the sectors? >> you know, broad landscape, i think appreciation of 5% to 7% per year plus a 2% yield over the period of time would be...
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Jan 31, 2013
01/13
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FBC
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david: talk about a specific, boeing. boeing had $68 billion in revenue last year. about half of that was from defense contracts. how will boeing be affected by this? >> i think boeing and the other major prime contractors are in a little bit better of a position. they have a strong backlog of products that they have already, that the government has already obligated funding to buy. they have got a lot of different product lines. they will continue to produce on those product lines and dod will continue to buy them. that's part of a lot of is funded out of the base defense budget. david: let me stop you there, todd, for a second. take one project, the f-35. this is the latest version of the stealth fighter. these planes are not cheap. they're about 100 million each. i think $103 million each. the pentagon is expected to buy 2440 of them. you say they will continue to buy them even with the cuts? >> they will continue to buy them. that is the current plan. the real risk to programs like f-35 is sequestration. if sequestration goes into effect on march 1st, every prog
david: talk about a specific, boeing. boeing had $68 billion in revenue last year. about half of that was from defense contracts. how will boeing be affected by this? >> i think boeing and the other major prime contractors are in a little bit better of a position. they have a strong backlog of products that they have already, that the government has already obligated funding to buy. they have got a lot of different product lines. they will continue to produce on those product lines and...
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Jan 31, 2013
01/13
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FBC
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the question is, whether boeing was connecting the dots. whether they saw that there was a problem brewing with these batteries and what they did about it. melissa: how could they not? how could they not at this point? that sounds like an awful lot of batteries. it sound like the same problem over and over again. we're also hearing there was a study back in 2010. the faa found this lithium ion chemtries boeing was using, lithium cobalt was more flammable than several possible types. >> that's right. melissa: there was a study out that said this could be a problem. and all of sudden you see evidence of it, don't you think, isn't it logical to believe at that point they should have said, we have a problem? >> as an investigator you go back to look at every event and you see whether there is any similarities. we're not sure yet. we know six of them apparently were overcharges. there were some undercharges. the question is, were there any similarities either in the events or from the production side. one interesting thing that came out this wee
the question is, whether boeing was connecting the dots. whether they saw that there was a problem brewing with these batteries and what they did about it. melissa: how could they not? how could they not at this point? that sounds like an awful lot of batteries. it sound like the same problem over and over again. we're also hearing there was a study back in 2010. the faa found this lithium ion chemtries boeing was using, lithium cobalt was more flammable than several possible types. >>...
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Jan 24, 2013
01/13
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CNBC
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update on boeing. shake up at the nyse. >> what else? >> lots of things coming up. i will also duck out early because i'm doing "closing bell" as well as the new york stock exchange. >> wow, so repeating everyday. >> it really is. >> it is. fantastic. we are back right after this. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> welcome back, everybody. what you are looking at is an empty podium there. watching live tv. we are monitoring two events that are just about to happen any time now. first of all, at the white house, the president is set to announce the nomination of former u.s. attorney mary jo
update on boeing. shake up at the nyse. >> what else? >> lots of things coming up. i will also duck out early because i'm doing "closing bell" as well as the new york stock exchange. >> wow, so repeating everyday. >> it really is. >> it is. fantastic. we are back right after this. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. omnipotent of...
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Jan 24, 2013
01/13
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FBC
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. >>> boeing's nightmare just won't end. investigators struggle to find a cause to find the lithium-ion battery fires. can they truly be tested to fly again? i'm wondering ♪ . melissa: you have been hearing this story all week. golf superstar phil mickelson might be leaving his home state of california because he ising soaked by high taxes n 2013 top earners in california could be paying 53% of the their income in taxes. that is amazing, we have only heard this from one prominent california resident so far that is. will this start an exodus from the golden state to tax-free havens like florida and texas? our "money" power panel has all the answers. dave porter. ear run mcclear was the press secretary for california governor arnold schwarzenegger. we have jerry webster from oppenheimer fund. thanks for joining us. aaron, let me start with you. what is the response like? are highest inc/m- tax in the count22v and it will start to÷ú have a real effect. meli&xp] jerry do you agree wivh that? is there a point ofç diminishi
. >>> boeing's nightmare just won't end. investigators struggle to find a cause to find the lithium-ion battery fires. can they truly be tested to fly again? i'm wondering ♪ . melissa: you have been hearing this story all week. golf superstar phil mickelson might be leaving his home state of california because he ising soaked by high taxes n 2013 top earners in california could be paying 53% of the their income in taxes. that is amazing, we have only heard this from one prominent...
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Jan 30, 2013
01/13
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CNBC
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boeing shares are up by about 60 cents. more with phil lebeau on this and two analysts. >>> remember, we're watching u.s. equity futures. the dow up 70 points yesterday and with closing price just 46 points away of putting the dow back above 14 thousand would be the first time that happened since october of 2007. this morning, the futures are indicated higher with dow futures up 12 1/2 points and s&p up by just over a point. overseas in asia overnight, the nikkei was up by about 2 and a quarter percent and the shanghai up as well. in europe, there are modest declines. dax down by 15 points and cac by 6 points and ftse by 3 1/2. >>> and founder and co-founder aubrey mcclendon announced he will be stepping down in april. a series of reports triggered criminal investigations and looking into whether mcclendon crossed the line by mixing personal business and possible anti-trust violations. the shareholders took control in june stripping the chairman of his title and carl icahn took one of those slots. >>> another one we're foll
boeing shares are up by about 60 cents. more with phil lebeau on this and two analysts. >>> remember, we're watching u.s. equity futures. the dow up 70 points yesterday and with closing price just 46 points away of putting the dow back above 14 thousand would be the first time that happened since october of 2007. this morning, the futures are indicated higher with dow futures up 12 1/2 points and s&p up by just over a point. overseas in asia overnight, the nikkei was up by about 2...
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Jan 31, 2013
01/13
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LINKTV
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. >> the granting of a boeing 787 in japan has cost it $1 billion. -- grounding of a boeing 787 has cost it $1 billion. doctors and ambulance staff say cutbacks have left to the health system missing supplies. protests have increased in recent weeks as an grows over the government's austerity plan. it is difficult to navigate and more daunting if you do not speak russian. we are talking about the moscow metro. there are up to 9 million passengers during peak hours. a major redesign aims to ease the crush. >> you could be forgiven for thinking parts of the moscow metro looks more like an art gallery that a busy underground rail network. it reflects the city's soviets passed and culture. tens of thousands of people work to bring the subway system to live. much of the labor is done in tough conditions by hand. the metro opened in 1935, 70 years after the london underground started operating in more than 30 years after the new york subway began running. when >> the first idea appeared -- >> when the first idea appeared, moscow residents wonder why we needed it. now they are proud. >> 7 milli
. >> the granting of a boeing 787 in japan has cost it $1 billion. -- grounding of a boeing 787 has cost it $1 billion. doctors and ambulance staff say cutbacks have left to the health system missing supplies. protests have increased in recent weeks as an grows over the government's austerity plan. it is difficult to navigate and more daunting if you do not speak russian. we are talking about the moscow metro. there are up to 9 million passengers during peak hours. a major redesign aims...
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Jan 25, 2013
01/13
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FOXNEWS
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boeing says the test was done wrong. the worker who set it up says it was correct, and the batteries were dangerous. he was fired and sued and lost his case. now the feds are reexamining the whole incident. meantime, boeing continues to assemble dreamliners in seattle and south carolina. the problem is what to do with the planes when they're finished. the company did get a vote of confidence from the ceo of united airlines who says he still has confidence in the 787 and has no doubt customers will come back. united owns six of the grounded planes and has more on order. >> a new credit card fee kicking in this weekend. how can you avoid getting swiped? find out. >> and forget cruise ships. people are getting the norovirus in the office. >>> you swipe, they charge. starting sunday stores will be allowed to hit you with a checkout fee if you pay by credit card. it could add an extra 4% to your purchase price. dave ramsey says go for the cash. dave, this is new. can every credit -- everytime you swipe they can nail you for 4
boeing says the test was done wrong. the worker who set it up says it was correct, and the batteries were dangerous. he was fired and sued and lost his case. now the feds are reexamining the whole incident. meantime, boeing continues to assemble dreamliners in seattle and south carolina. the problem is what to do with the planes when they're finished. the company did get a vote of confidence from the ceo of united airlines who says he still has confidence in the 787 and has no doubt customers...
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Jan 30, 2013
01/13
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-- reaction to boeing unless they say we're going to change? >> very much so. the boeing management are not in a position to give anything definitive at this stage. so they will not be able to give us very much. that's the big question actually for the forecast going forward, 2013 earning. this creates major uncertainty. how many -- how many aircraft are they going to deliver, what kind of provisions will they need to take. >> that's what i was going ask. that seems to be one area of 401( focus for investors. any idea of expectations there? >> you have two lots of potential provisions. one is the delay and the disruption that causes the company. so the costs incurred by the company. in addition to that you have potentially consequential damages. 50 aircraft are grounded. so the airlines will want compensation. there are going to be further delays of deliveries now, 50 aircraft. if you put one million per aircraft per month, it soon adds up. >> absolutely. and i wonder to what extent this changes the investment thesis forgoing. >> at this stage,
-- reaction to boeing unless they say we're going to change? >> very much so. the boeing management are not in a position to give anything definitive at this stage. so they will not be able to give us very much. that's the big question actually for the forecast going forward, 2013 earning. this creates major uncertainty. how many -- how many aircraft are they going to deliver, what kind of provisions will they need to take. >> that's what i was going ask. that seems to be one area...
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Jan 30, 2013
01/13
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FBC
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lot of pressure involved on shares of boeing. the department of defense and nasa are california testing a new type of aircraft that can access remote areas of the world that right now are not accessible. the limp like kraft could move more cargo than modern planes. taking food, supplies to disaster areas. 35 money in dollars has been spent so far on it. it looks like las vegas and not have a merry christmas. a drop in passengers arriving and departing from the city. 3.2 million passengers used the vegas airport last month, a drop from december of 2011. and that is your "west coast minute." dennis p. at dennis: let's turn back to that shocker on the gdp shrinking in the fourth quarter. cheryl: we have main street perspective. jeff: something easy and no other network, what is main street really thinking about these numbers. i am one main street. this is a shop called marseilles, a unique place. i will tell you why in just a moment. tallying up the trillions in stimulus that has led to this gdp number. there was a kkr report last w
lot of pressure involved on shares of boeing. the department of defense and nasa are california testing a new type of aircraft that can access remote areas of the world that right now are not accessible. the limp like kraft could move more cargo than modern planes. taking food, supplies to disaster areas. 35 money in dollars has been spent so far on it. it looks like las vegas and not have a merry christmas. a drop in passengers arriving and departing from the city. 3.2 million passengers used...
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Jan 29, 2013
01/13
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CNBC
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here is what the street is expecting from boeing. these numbers, most people are saying this is important but it's really the guidance. that's what we're going to be focused on, under the circumstances past eps the other aspect of the commercial airline gets attention, 737, this is the workhorse for boeing. increased production to 38 a month starting this quarter. as you go into building the the third 737 assembly line in renton, washington, that's going to get a lot of tension particularly because they have the 737 max in development. this is the future workhorse for boeing. they already have a backlog of more than 1,000 orders. it is expected to enter service in 2017. this is the next launch they have to make a smooth launch over the next three years. as you take a look at this stock chart or last month, sue and tyler, i thought this was fascinating. the parent of airbus up 20%, shares of boeing not surprising given dreamliner problems down 1.4%. that says a lot in terps of the split in performance. we'll be watching numbers first
here is what the street is expecting from boeing. these numbers, most people are saying this is important but it's really the guidance. that's what we're going to be focused on, under the circumstances past eps the other aspect of the commercial airline gets attention, 737, this is the workhorse for boeing. increased production to 38 a month starting this quarter. as you go into building the the third 737 assembly line in renton, washington, that's going to get a lot of tension particularly...
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Jan 31, 2013
01/13
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KPIX
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boeing also said it will speed up the production of the 787. >>> and good news for twinkie lovers. the golden sponge cake is about to make a comeback. hostess has reportedly picked two investment firms to buy its twinkies and other snack cakes. the deal is worth more than $400 million. the announcement could come as soup as next week. so anne-marie, i think it's safe for me to finally open up that emergency box of twinkies i've been hiding. >> i know. i've been hiding them in my basement, thank you, ashley morrison, in new york. >>> coming up, the countdown to kick-off of super bowl xlvii. we'll show you how some out-of-towners are enjoying new orleans before the big game. time before the big game. [ tissue box ] he said nasal congestion. yeah...i heard him. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. [ female announcer ] when a woman wears a pad she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep mo
boeing also said it will speed up the production of the 787. >>> and good news for twinkie lovers. the golden sponge cake is about to make a comeback. hostess has reportedly picked two investment firms to buy its twinkies and other snack cakes. the deal is worth more than $400 million. the announcement could come as soup as next week. so anne-marie, i think it's safe for me to finally open up that emergency box of twinkies i've been hiding. >> i know. i've been hiding them in my...
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Jan 25, 2013
01/13
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KQED
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shares of boeing responded pretty positively here. they were up by 1.4%. overall the broad market, well, it has a shadow cast on the market thanks to apple that was specifically for technology the broader market was able to creep higher. the s&p 500, which includes apple, climbed over the $1,500 level this morning thanks to the encouraging weekly jobs data. the buying lost some steam in the early afternoon, with the index eeking out a gain of one penny. volume on the big board was on the lighter side at 676 million shares. but nasdaq volume was heavy with over two billion shares trading. the losses were concentrated in the technology sector, losing 2%. while the consumer discretionary sector put in the best performance, up 0.7%. in the tech sector it was all about apple and worries its growth rate is slowing. but those worries are exclusive to apple. they stretched to the stocks of its key suppliers. cirrus logic makes energy and audio semiconductors for apple. shares fell 10.8%. cirrus reported a big jump for its quarterly profits, but revenues were not a
shares of boeing responded pretty positively here. they were up by 1.4%. overall the broad market, well, it has a shadow cast on the market thanks to apple that was specifically for technology the broader market was able to creep higher. the s&p 500, which includes apple, climbed over the $1,500 level this morning thanks to the encouraging weekly jobs data. the buying lost some steam in the early afternoon, with the index eeking out a gain of one penny. volume on the big board was on the...
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Jan 24, 2013
01/13
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michael dell is on order to buy a boeing 787 dreamliner. i don't know if it is him per se buying it or whether the corporation that behind him that does it. >> this is a mystery p.m. pep familiar with him say it isn't his style to have a big plane like this. it is done through international leasing. it could be that the family office, the company that manages his family's vast wealth, maybe use it for who knows what. or maybe they'll lease it out. people do that. just like you buy property and rent it. can you buy a plane and rent it out. maybe that's what he is doing. >> what do you think, john? >> a few years ago, dell had a probably with batteries, lighting on fire in lap tops. he boeing's problems, and thought would he help out. >> a sympathy play? >> yeah. >> we will leave it at that. >>> dance in front. mona lisa? the xbox is in a place that you would never have expected. we will explain when we come back on "power." platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#:
michael dell is on order to buy a boeing 787 dreamliner. i don't know if it is him per se buying it or whether the corporation that behind him that does it. >> this is a mystery p.m. pep familiar with him say it isn't his style to have a big plane like this. it is done through international leasing. it could be that the family office, the company that manages his family's vast wealth, maybe use it for who knows what. or maybe they'll lease it out. people do that. just like you buy...
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Jan 30, 2013
01/13
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WUSA
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well, boeing apparently knew about the problems with the batteries on their dreamliners. nonaupon airways said it replaced ten electricity onbatteries months and told boeing about it but not federal investigators. the ntsc said tuesday it's now conducting a microscopic investigation of the battery. >>> stocks in asia rallied on promising growth data in china. norfolk co-'s nikkei gain 2d% while hong kong's hang seng dropped. it added 72 point tuesday to close at 13,954. that's only 210 points away from its all-time high set in october of 2007. the dmanasdaq fell slightly. >>> amazon.com posted its results. investors didn't seem to care. in after-hours trading stocks went up more than 9%. >>> and the blackberry is hoping for a big comeback today. research in motion will unveil the blackberry 10 this morning, their first new smartphone in a year and a half. the phone has a touchscreen and a new operating system and says if the blackberry does not sell well, it could be the end of the company. you know, anne-marie, i'm rooting for them. >> i'm a loyalist. you're pretty much
well, boeing apparently knew about the problems with the batteries on their dreamliners. nonaupon airways said it replaced ten electricity onbatteries months and told boeing about it but not federal investigators. the ntsc said tuesday it's now conducting a microscopic investigation of the battery. >>> stocks in asia rallied on promising growth data in china. norfolk co-'s nikkei gain 2d% while hong kong's hang seng dropped. it added 72 point tuesday to close at 13,954. that's only 210...
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Jan 26, 2013
01/13
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KPIX
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. >>> today, the airline that has the largest fleet of boeing dream liners canceled 700 more flights. and that has shut down a nonstop route connecting the south bay to japan. 787 dreamliners have been grounded around the world since potential safety problems cropped up earlier this month. and today, al nippon airways canceled 380 flights through mid-february, including flights from san jose to tokyo. >>> san francisco restaurants are not following the city's healthcare law, and the list is long. they are charging customers extra, but not giving all that extra money to the employees who it's supposed to go to. >> reporter: when you dine out in san francisco, you pay a little extra to help fund the workers healthcare, but the city attorney says dozens of restaurants aren't using all that money for their employees. some people find it hard to swallow. >> i think it's terrible. as it is, the waiters and staff are living off tips and don't normally get full benefits. >> they can stop charging 4.5% on my bill if it's not going to the right place. >> reporter: san francisco city attorney is
. >>> today, the airline that has the largest fleet of boeing dream liners canceled 700 more flights. and that has shut down a nonstop route connecting the south bay to japan. 787 dreamliners have been grounded around the world since potential safety problems cropped up earlier this month. and today, al nippon airways canceled 380 flights through mid-february, including flights from san jose to tokyo. >>> san francisco restaurants are not following the city's healthcare law,...
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Jan 30, 2013
01/13
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FBC
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i don't think boeing wins by having the problem out there. it doesn't make a lot of sense from the credibility perspective but i think a lot of issues have been, normally considered normal, but i don't know that i'm in a position because somebody came out with more replacements. melissa: i am not sure if you are accusing, but how they're handling this situation. they're making good progress in the electrical problems, at the same time you have the ntsb coming out saying as recently as yesterday once again they don't think they're getting any closer to figuring out what happened. those are two completely different statements. how do you reconcile them? >> boeing doesn't win by getting in front of the regulators so they have to stay on the market basically one point to say we are trying our hardest to keep things going and authorities will take the lead on this. if you think about it the other way, boeing says we don't think it is a big problem, the authorities have more of a reason to keep them grounded for longer time getting too aggressive o
i don't think boeing wins by having the problem out there. it doesn't make a lot of sense from the credibility perspective but i think a lot of issues have been, normally considered normal, but i don't know that i'm in a position because somebody came out with more replacements. melissa: i am not sure if you are accusing, but how they're handling this situation. they're making good progress in the electrical problems, at the same time you have the ntsb coming out saying as recently as yesterday...
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Jan 24, 2013
01/13
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FBC
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i do want to ask you about the issues over at boeing. southwest has been a faithful 737 buyer of those aircraft for, well, the entire history of the airline, frankly, 41 years. but the dreamliner, are you concerned at all about what's going on in the engineering department at boeing,? >> no. of course, boeing is one of the great companies of the world and have been our very good and really great partner from the very beginning at southwest airlines. we've had tremendous success in working with boeing, tremendous success with the 737. so anytime you have a new airplane there are always some, you know, break-in type items that just have to be worked through, and, you know, to be honest with you i just don't know enough about what the issues are to speak intelligently about it. it is a completely different electrical system and battery system than what we have, so i just can't really add anything other than they're a great company, and i know they're working hard to fix it. cheryl: tbri kelly, southwest airlines ceo, chairman and president.
i do want to ask you about the issues over at boeing. southwest has been a faithful 737 buyer of those aircraft for, well, the entire history of the airline, frankly, 41 years. but the dreamliner, are you concerned at all about what's going on in the engineering department at boeing,? >> no. of course, boeing is one of the great companies of the world and have been our very good and really great partner from the very beginning at southwest airlines. we've had tremendous success in working...
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Jan 25, 2013
01/13
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WJZ
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shares of boeing responded pretty positively here. they were up by 1.4%. overall the broad market well it has a shadow cast on the market thanks to apple that was specifically for technology the broader market was able to creep higher. the s&p 500, which includes apple, climbed over the $1,500 level this morning thanks to the encouraging weekly jobs data. the buying lost some steam in the early afternoon, with the index eeking out a gain of one penny. volume on the big board was on the lighter side at 676 million shares. but nasdaq volume was heavy with over two billion shares trading. the losses were concentrated in the technology sector, losing 2%. while the consumer discretionary sector put in the best performance, up 0.7%. in the tech sector it was all about apple and worries its growth rate is slowing. but those worries are exclusive to apple. they stretched to the stocks of its key suppliers. cirrus logic makes energy and audio semiconductors for apple. shares fell 10.8%. cirrus reported a big jump for its quarterly profits, but revenues were not as
shares of boeing responded pretty positively here. they were up by 1.4%. overall the broad market well it has a shadow cast on the market thanks to apple that was specifically for technology the broader market was able to creep higher. the s&p 500, which includes apple, climbed over the $1,500 level this morning thanks to the encouraging weekly jobs data. the buying lost some steam in the early afternoon, with the index eeking out a gain of one penny. volume on the big board was on the...
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Jan 30, 2013
01/13
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WTTG
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. >>> boeing is on the hot seat. coming up, what they knew about the reliability of the dreamliner batteries before a series of failures. a turkey-cheddar-bacon in the afternoon, or a tuna salad when the job is done, sandwich on your terms with any of dunkin's freshly made bakery sandwiches for just $2.99. america runs on dunkin'. nope, no. sorry, love to but can't. i'm sorry, she's very busy. enjoy the rich taste of dunkin' mocha lattes and coffees. now in dark chocolate. indulge in one today. america runs on dunkin'. >>> a live look outside. the d.c. region is waking up to warm, calm weather outside right now. things are going to change as they often do this time of the year. we go from cold to hot and hot to cold. it is all over the place. that is what we can expect, some change on the way. >> big changes. >> first, you will notice the warm temperatures and the winds. that will be the first half of the day. later this afternoon, rain will arrive. it will be heavy at time. potentially heavy at times. maybe even a t
. >>> boeing is on the hot seat. coming up, what they knew about the reliability of the dreamliner batteries before a series of failures. a turkey-cheddar-bacon in the afternoon, or a tuna salad when the job is done, sandwich on your terms with any of dunkin's freshly made bakery sandwiches for just $2.99. america runs on dunkin'. nope, no. sorry, love to but can't. i'm sorry, she's very busy. enjoy the rich taste of dunkin' mocha lattes and coffees. now in dark chocolate. indulge in...
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Jan 28, 2013
01/13
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KRON
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. >> battery fires on the 7-8- 7 dreamliner aren't slowing down boeing's production. of it's high tech fleet. the number of planes ordered still in the hundreds! we have the latest. >> the f-a-a is stopping boeing from flying its 7-8-7 dreamliners but the company isn't stopping production of the jumbo-jets. a boeing spokesperson confirmed that the company is keeping its current production schedule and planning on doubling it by the end of the year. the company still has to finish an order of 800 dreamliners and a stop in production could be costly. earlier this month the f-a-a grounded all 50 dreamliners after fires broke out in two of the jets. the cause of the fires remains under investigation. >> starting today if you plan on sending any mail out the old fashion way you'll have to shell out an extra penny for postage. first class stamps are going up to 46 cents and postcards will now cost you 33 cents. international mail went up even more and will now cost a dollar and ten cents. that's up from 85 cents to send mail to canada and mexico and a dollar and five cents
. >> battery fires on the 7-8- 7 dreamliner aren't slowing down boeing's production. of it's high tech fleet. the number of planes ordered still in the hundreds! we have the latest. >> the f-a-a is stopping boeing from flying its 7-8-7 dreamliners but the company isn't stopping production of the jumbo-jets. a boeing spokesperson confirmed that the company is keeping its current production schedule and planning on doubling it by the end of the year. the company still has to finish an...
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Jan 30, 2013
01/13
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KOFY
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. >> new york teams says boeing was aware of problems with the battery in the 787 jet even before the planes were grounde grounded. the air way tells the times it had already replaced 10 battery before the fires and that it reported these issues to boeing. all 50 of the boeing 787 in service are grounded after the battery on 2 planes either over heated or caught fire. >> now to incredible picture to share with you. underground explosions link to electrical fire caused several manhole covers in downtown omaha to blow the covers last nature sending flames in the air. resident captured this image. of what happened. really weird scene. apparently the problems began with cable that failed. at the peak thousands of people were without power. that includes local police and courthouse and local utility office as wechlt interestingly enough. >> non-stop vandalism at pennsylvania highway school forced officials to remove toilet paper from the boy bathroom. yes it has come to this. that means boys now have to go to the office. ask for toilet paper and then sign out the roll prior to going to use
. >> new york teams says boeing was aware of problems with the battery in the 787 jet even before the planes were grounde grounded. the air way tells the times it had already replaced 10 battery before the fires and that it reported these issues to boeing. all 50 of the boeing 787 in service are grounded after the battery on 2 planes either over heated or caught fire. >> now to incredible picture to share with you. underground explosions link to electrical fire caused several...
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Jan 24, 2013
01/13
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FBC
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remember some of the issues boeing has is with supplier with the parts. not boeing manufacturing the entire plane. it is asassembling a large part of it. tracy: crazy stuff. rich edson, thank you so much, sir. >> thanks. ashley: rich, thanks again. boeing meantime, got to get these planes back in the air. got to figure it out first. it is a quarter till. time for --. tracy: maery. joe: white speaking right now. we'll take a piece of that. ashley: all right. mary jo white. >> we have a lot of important hard work ahead of it. i welcome the opportunity to lead those efforts and to build on the work of chairman mary shapiro and chairman elisse walter who i am very honored is present today. finally and most importantly i want to thank my husband, joan white, who is here today, on what is our 43rd wedding anniversary. >> today. >> today. for his strong support of me in seeking to enbeige engage in this significant and challenging public service. thank you very much. >> thank you. ashley: saying she welcomes the opportunity as the next head of the securities & e
remember some of the issues boeing has is with supplier with the parts. not boeing manufacturing the entire plane. it is asassembling a large part of it. tracy: crazy stuff. rich edson, thank you so much, sir. >> thanks. ashley: rich, thanks again. boeing meantime, got to get these planes back in the air. got to figure it out first. it is a quarter till. time for --. tracy: maery. joe: white speaking right now. we'll take a piece of that. ashley: all right. mary jo white. >> we have...
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Jan 24, 2013
01/13
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KTVU
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. >>> a fix for the boeing dreamliner flit is imminent. congressman rick larsen of washington state says both the faa and boeing have told him the grounding of the planes should not last long. all dreamliners worldwide are grounded following overheating problems with the lithium-ion batteries. boeing's plant is in larsen's district. >>> some wicked wild weather in the great lakes is causing hazardous conditions. interstate 90 in ohio was shut down for 90 minutes today. a lake-effect snow warning is in effect for the area until thursday. that arctic air mass has been blamed for several deaths across the midwest. many locations have seen temperatures below zero. in chicago firefighters say frigid temperatures made a massive fire at a warehouse much more difficult to handle last night. in minnesota, a woman suffered frostbite after running out of gas on a highway. >>> despite the rain, the actually warming up over here. our overnight lows up into the upper 30s, and low 40s. this weather system arse origins are sort of mid- latitude, or even l
. >>> a fix for the boeing dreamliner flit is imminent. congressman rick larsen of washington state says both the faa and boeing have told him the grounding of the planes should not last long. all dreamliners worldwide are grounded following overheating problems with the lithium-ion batteries. boeing's plant is in larsen's district. >>> some wicked wild weather in the great lakes is causing hazardous conditions. interstate 90 in ohio was shut down for 90 minutes today. a...
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Jan 31, 2013
01/13
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WUSA
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. >>> boeing posted fourth quarter profits that beat wall street's estimates. the company says it's standing by the batteries it uses for its grounded fleet of dreamliners and has reportedly already replaced more than 100 batteries. boeing says it will speed up the production of the 787. >>> and good news for twink key lovers. the golden sponge cake is about to make a comeback. hostess has reportedly picked two investment firms to buy its twinkies and other snack cakes. the deal is worth more than $400 million. it could come as soon as next week. i think it's safe to bring out the box of twinkies i've been hiding. >>> coming up, the countdown to kick-off of super bowl xlvii. we'll show you how some out-of-towners are enjoying the time before the big game. [ tissue box ] he said nasal congestion. yeah...i heard him. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocon
. >>> boeing posted fourth quarter profits that beat wall street's estimates. the company says it's standing by the batteries it uses for its grounded fleet of dreamliners and has reportedly already replaced more than 100 batteries. boeing says it will speed up the production of the 787. >>> and good news for twink key lovers. the golden sponge cake is about to make a comeback. hostess has reportedly picked two investment firms to buy its twinkies and other snack cakes. the...
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Jan 28, 2013
01/13
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FBC
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stuart: headaches continue for boeing. it was warned years in advance of potential fires in its batteries on the dreamliner. bringing in from los angeles, oliver mcgehee. oliver, simple question here. in your opinion, did regulators bend the rules for boeing? >> no, they did not, stuart, and good morning. the north star for the department of transportation and faa is safety. safety is tied with economic competitiveness, and when you combine those two larger goals, economic competitiveness for boeing, combined with the safety mission for faa and dot, the combination is advanced technology. what we learned in -- stuart: but we got a report that ten years ago, there was some grave concern -- real concern about lithium ion batteries and fires that could be caused because of the use of these things. that was a warning ten years ago. now we got the problem. i mean, you don't suspect that maybe the little bending at some point, not at all? >> very, very difficult to do that when you are doing megascaled engineering operations and
stuart: headaches continue for boeing. it was warned years in advance of potential fires in its batteries on the dreamliner. bringing in from los angeles, oliver mcgehee. oliver, simple question here. in your opinion, did regulators bend the rules for boeing? >> no, they did not, stuart, and good morning. the north star for the department of transportation and faa is safety. safety is tied with economic competitiveness, and when you combine those two larger goals, economic competitiveness...
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Jan 24, 2013
01/13
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KRCB
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. >>> japan's aviation authorities are preparing to strip down a defective boeing 727 battery that forced pilots to make an emergency landing last week. it landed in western japan after smoke was detected inside the cabin. they suspect the lithium battery overheated and affected the plane's electrical system. the dreamliners' flight recorder has already revealed that the battery's voltage began to plunge around the same time smoke was detected, but investigators say they found no evidence of excessive voltage. they've asked the manufacturer to dismantle the battery. the investigators want to take a >>> afghanecity force will soon take the lead in combat operations in their own country. while nato led forces move to a support role. military commanders are sending some soldiers back to school for a lesson in culture tolerance. nhk world's hideki yui reports. >> reporter: a somber mood takes over at the headquarters of international forces in kabul evy suay during a weekly ceremony to remember troops killed in afghanistan. >> we should know that the heroes we honor today will not have died i
. >>> japan's aviation authorities are preparing to strip down a defective boeing 727 battery that forced pilots to make an emergency landing last week. it landed in western japan after smoke was detected inside the cabin. they suspect the lithium battery overheated and affected the plane's electrical system. the dreamliners' flight recorder has already revealed that the battery's voltage began to plunge around the same time smoke was detected, but investigators say they found no...
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Jan 24, 2013
01/13
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CNBC
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this is a supplier to boeing with the 787 dreamliners. they make the charger for the lithium ion batteries. he said he warned his superiors that the batteries were not safe and said the company ignored his warning. just a few minutes ago he described what happened when he saw one of these lithium ion batteries exemployed proceed. >> it wasn't even running and this lithium ion battery just decided to explode, and when thick exploded, the best way to describe it is where i was sitting, now there was an f-16 jet after burner shoos sho-- shooting out about ten feet where i was sitting and the magnitude of energy coming out of this battery, i cannot quantify it. >> us a take a look at shares of boeing since the 17th, which is when they were grounded by the federal aviation administration, we should point out that we've reached out to secure plane technologies for a comment regarding the concerns and not heard back from them. no closer to determining why these batteries malfunctioned and until that happens it's unlikely we'll see these planes c
this is a supplier to boeing with the 787 dreamliners. they make the charger for the lithium ion batteries. he said he warned his superiors that the batteries were not safe and said the company ignored his warning. just a few minutes ago he described what happened when he saw one of these lithium ion batteries exemployed proceed. >> it wasn't even running and this lithium ion battery just decided to explode, and when thick exploded, the best way to describe it is where i was sitting, now...
WHUT (Howard University Television)
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Jan 30, 2013
01/13
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WHUT
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they said they had in fact notified boeing of the problem as early as october. >> we have learned that they change the batteries on their fleet 10 times in the last year. on three of their 787's, the change to them twice within one year. this seems extraordinarily frequent, given that the regime only expect some to be expect -- inspected once every three years. these problems go back long before these two meltdown fire events that cause the plane to be grounded. >> as you probably know, these problems have caused their fleet -- well, they are not flying, they have been banned. until those issues are sorted out, this is an important day for the aviation giant. the problems with the dream minor are not likely to affect those results, but it is what they had to say about those problems in the press conference. i did have a guest on the blackberry phones who had won with him, and i have to say it is pretty swish. that is a non tech person saying that. [laughter] >> why not cast your mind back to malala yousufzai, a pakistani school girl who made global headlines, miraculously surviving aft
they said they had in fact notified boeing of the problem as early as october. >> we have learned that they change the batteries on their fleet 10 times in the last year. on three of their 787's, the change to them twice within one year. this seems extraordinarily frequent, given that the regime only expect some to be expect -- inspected once every three years. these problems go back long before these two meltdown fire events that cause the plane to be grounded. >> as you probably...
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Jan 28, 2013
01/13
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FBC
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that is thanks in part for a large amount of orders for boeing aircraft. if you factor out the transportation component, orders were up 1.3%. that also tops share expectations. shares of yahoo! are relatively flat. the company is expected to report a profit of more than $22 million. general motors dropped to second place while volkswagen came in third. that is the latest from the fox business network. giving you the power to prosper. ♪ ♪ [ laughter ] connell: we were all just talking about how cute the little kid is in the bowls leg and super bowl commercial. vw is back for the fourth consecutive year. this year the theme is "get happy." is it even close in terms of accuracy, $10 million? >> not going to go into the numbers specifically. i think you have to see the super bowl and context of all of the communication going on. the super bowl is certainly one of those key moments. it does help fit with everything you do as a brand. we reported that $3.82 million spot. you do some speculation and say, well, that is a lot of money. what metrics do you use t
that is thanks in part for a large amount of orders for boeing aircraft. if you factor out the transportation component, orders were up 1.3%. that also tops share expectations. shares of yahoo! are relatively flat. the company is expected to report a profit of more than $22 million. general motors dropped to second place while volkswagen came in third. that is the latest from the fox business network. giving you the power to prosper. ♪ ♪ [ laughter ] connell: we were all just talking about...
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Jan 25, 2013
01/13
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CNNW
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we're learning more about boe g boeing's battery problems and how dangerous this could have been for travelers. (announcer) make mornings special, with fancy feast mornings gourmet cat food. mornings are delicious protein rich entrees with garden veggies and egg. fancy feast mornings. the best ingredient is love. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. [ male announcer ] the exclusive air suspension in the 2013 ram 1500. ♪ engineered to move heaven and earth. ♪ guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. [ male announcer ] end your long week... with a weekend getaway. save up to forty percent on all weekend hotel stays. book by january thirty first at hiltonanyweekend.com. >>> yes, the girlfriend was fake. but he says the pain was very real. manti te'o opening up. the notr
we're learning more about boe g boeing's battery problems and how dangerous this could have been for travelers. (announcer) make mornings special, with fancy feast mornings gourmet cat food. mornings are delicious protein rich entrees with garden veggies and egg. fancy feast mornings. the best ingredient is love. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the...
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Jan 24, 2013
01/13
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WUSA
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boeing says lithium ion batteries best met the perform expanse design objectives that the 787 and based on everything we know at this point, we have not changed our evaluation. brahmagain considers the safety of lithium ion batteries on plane questionable. >> from what i know about the incident, i would not fly on a dreamliner tomorrow. that-- that-- i just wouldn't feel that it was appropriate or safe. >> reporter: experts we spoke to believe in the promise of lithium ion batteries, scott, including for airliners but they just aren't sure its safety has been perfected. >> pelley: sharyl, thank you. from too much heat to too much cold snow is on the way tonight from the great lakes to the northeast, adding to the deep freeze. on mount washington in new hampshire, the wind made it feel like 70 below some morning. it was still well below zero in the upper midwest. in minnesota, a waterfall turned into an ice wall. beautiful. steam rose over lake superior when the lake water evaporated and hit the super-cold air, it condensed back into liquid droplets. he was a baseball legend. st. louis s
boeing says lithium ion batteries best met the perform expanse design objectives that the 787 and based on everything we know at this point, we have not changed our evaluation. brahmagain considers the safety of lithium ion batteries on plane questionable. >> from what i know about the incident, i would not fly on a dreamliner tomorrow. that-- that-- i just wouldn't feel that it was appropriate or safe. >> reporter: experts we spoke to believe in the promise of lithium ion...
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Jan 24, 2013
01/13
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KRON
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last week, the agency grounded the u-s fleet of boeing's 787 after an in- flight incident in japan. the grounding came after several other issues with the plane's lithium battery in japan and the united states. the military is ending its policy of excluding women from combat roles. defense secretary leon panetta reportedly will make the announcement tomorrow and hopes the process will be complete by 2016. however, officials say that doesn't mean every combat position will be available at once. each branch of the military will have to examine every job and assess how to integrate. the army and marine corps for example, have to examine physical standards and gender-neutral accommodations within combat units. >> the winter weather has caused major problems on interstate 80 in ohio. there were three separate pileups. one person was killed. this area of the country has been experiencing i see and cold conditions. there is a snow warning with temperatures not expecting to increase of of 20's. >> this water main break and chilly temperatures with a big mess in pennsylvania. this slick ice
last week, the agency grounded the u-s fleet of boeing's 787 after an in- flight incident in japan. the grounding came after several other issues with the plane's lithium battery in japan and the united states. the military is ending its policy of excluding women from combat roles. defense secretary leon panetta reportedly will make the announcement tomorrow and hopes the process will be complete by 2016. however, officials say that doesn't mean every combat position will be available at once....